- Titan Minerals (TTM) has provided an operational update regarding its exploration activities for the Dynasty Gold Project in Ecuador
- The company says over 50 per cent of the near 12,000-metre diamond drilling campaign is now complete
- The remaining part of the drill program is taking place to the north-east of Iguana at the Papayal Prospect
- Meanwhile, Titan believes delays accessing sites in the area are due to legacy issues that have left locals cynical of mining companies in the region
- Titan is up 9.09 per cent to 12 cents
Titan Minerals (TTM) has provided an operational update regarding its exploration activities at the Dynasty Gold Project in Ecuador.
Drilling activities have resumed following a two-week hiatus during the Christmas holiday period.
Titan says over 50 per cent of a near 12,000-metre diamond drilling campaign is now complete, including all drilling at the Iguana prospect. Samples from Iguana have now been submitted for analysis.
Along with this, re-sampling (to a JORC-compliant standard) of diamond drill core recovered from Iguana in 2019, is all wrapped-up, with samples lodged for assay.
The remaining part of the drill program is taking place to the northeast of Iguana at the Papayal Prospect.
Appeasing the locals
Titan says it is committed to establishing a sustainable working relationship with the communities around the dynasty Gold Project. The company believes delays accessing sites in the area are due to legacy issues that have left locals cynical of mining companies in the region.
Discussions with the community for access to a third prospect at the project, Cerro Verde, are progressing but not finalised.
The TTM share price has responded well since the COVID-induced meltdown in March. Having hit a low of 3 cents, the company rocketed to 17.2 cents by August. Shares have been moving in a sideways pattern for the last four months.
Titan is up 9.09 per cent to 12 cents at 2:42 pm AEDT.